Multiple Choice
Lake Sales had $2,200,000 in sales last month. The contribution margin ratio was 30% and operating profits were $180,000.
-What is Lake's margin of safety in sales dollars?
A) $480,000.
B) $600,000.
C) $2,020,000.
D) Cannot determine with the information given.
Correct Answer:
Verified
Correct Answer:
Verified
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